S&P Affirms Reduced Rating Of Long-term US Debt

doofiegirl BTO-t- BCRA-F ~PWCM~ 2012/06/10 00:14:50
WASHINGTON (AP) — The rating agency that downgraded the U.S. government’s long-term credit rating last year has reiterated its assessment and its negative outlook. It says U.S. political leaders aren’t addressing the federal debt burden. Standard & Poor’s said Friday that it’s keeping its rating of U.S. long-term debt at “AA+.” burden standard poors friday rating long-term debt aa nbsp nbsp “We believe that political polarization has increased in recent years,” the S&P; said, citing the failure of last year’s deficit-reduction “supercommittee” to reach agreement.
S&P; said it expects the government’s debt to rise, as a percent of the economy, from 77 percent in 2011 to 83 percent in 2012 and 87 percent by 2016. That’s below the S&P;’s forecast last August, when it downgraded the United States.

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  • ehrhornp 2012/06/10 16:16:56
    Well dah. When republicans threatened to default on debt what can one expect? When a party has taken the position of welfare for the rich, what other outcome can there be? It is a real shame that today's so called conservatives are so ignorant of history. These idiots would not have approved entering WWII because of its costs. Way to go terrorist lovers.
  • sglmom 2012/06/10 10:28:46
    There's NO Surprise here ..
    another downgrade is on the way ..
    you can't continue to borrow, borrow, borrow ..
    and not expect the bill to come due ..
    (anyone else doing this in real life ..
    we'd already be charged with Kiting .. and cooling our heels in a cell)
  • Striker 2012/06/10 01:16:54
    The USSA is running only on debt-fuel all thru Obama and back into Bush.
    The time will arrive when foolish investors in all this debt will realize they're not gonna get repaid. That's the squeeze-play coming to finish off Amerika.

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